政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/120673

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113648/144635 (79%)
Visitors : 51670524 Online Users : 544

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 140.119/120673

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/120673

Title:	MONEY, PRICES, AND CAUSALITY - THE CHINESE HYPERINFLATION, 1946-1949, REEXAMINED
Authors:	QUDDUS, M;LIU, JT;BUTLER, JS 劉錦添 Liu, Jin-Tan
Contributors:	經濟系
Date:	1989
Issue Date:	2018-10-23 17:11:15 (UTC+8)
Abstract:	Expanding on recent work by Tang and Hu (1983), this paper tests for the direction of causality between the money supply and inflation in the three currency areas of China during the hyperinflation of 1946 to 1949. As in the previous study, we find a feedback relationship between money and prices for the mainland China currency area. However, this relationship seems to be statistically significant only after including the post-reform period (August 1948 to May 1949) in the causality tests. For Taiwan and Manchuria, we find a strong one-way causality from inflation to money. These results confirm the widespread belief among economic historians that the Chinese hyperinflation was basically caused by the Nationalist governments` desperate attempts to finance its mounting war expenditures by printing money.
Relation:	JOURNAL OF MACROECONOMICS, 11(3), 447-453
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1016/0164-0704(89)90070-0
DOI:	10.1016/0164-0704(89)90070-0
Appears in Collections:	[經濟學系] 期刊論文

Files in This Item:

File	Description	Size	Format
1946.pdf		396Kb	Adobe PDF2	598	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...